Efforts to Boost Clinical Education among Healthcare Personnel to Aid Market Growth

There is no dearth in development across the healthcare sector in terms of technology, products, surgical techniques, cost management, etc. The progress in technology coupled with research and development activities has played a key role in transforming the healthcare industry over the past couple of decades. With the growing presence of digital media and increasing penetration of the Internet, medical professionals are increasingly required to stay afloat with evolving digital trends that are gradually establishing a solid presence across the healthcare system around the world. Evolving health management techniques and regulatory landscape across the healthcare sector is expected to have a strong influence on the overall development of the global healthcare learning management system market during the forecast period.

The failure to comply within the purview of the regulatory guidelines is a major challenge faced by the medical professionals around the world. This is affecting the quality of care provided to the patients. Over the past decade, the demand for healthcare learning management systems has witnessed considerable spike due to the shifting paradigm toward digital learning or eLearning modules. Moreover, medical facilities around the world are increasingly investing resources toward training and development of their employees, thus fueling the demand for healthcare learning management systems.

At the back of these factors, the global healthcare learning management system market is on the course to surpass the US$ 3.5 Bn mark by the end of 2030.

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Surge in Demand for Training and Development Modules to Drive Market

The healthcare sector has witnessed waves of innovations over the past few years. The healthcare space continues to reinvent itself in tune with evolving market trends and technological advancements. Technological progress has remained the backbone of development across the healthcare space, and is expected to have a strong influence on educational as well as administrative practices in the upcoming years. The increasing penetration of the information technology (IT) in the healthcare industry is anticipated to provide an impetus to the overall growth of the healthcare learning management system market during the assessment period.

The demand for healthcare learning management systems is on the rise, due to benefits including ease of learning from any location, inclusion of a wide range of courses related to healthcare, training modules that can be designed in accordance with ongoing and upcoming trends, and self-assessment tools to determine the progress. For several years, the educational sector has remained at the forefront in terms of the adoption of learning management systems. However, the trend is gradually changing, as the healthcare sector is steadily emerging as one of the most prominent end-use industries. The healthcare learning management system market continues to grow among patients as well healthcare providers around the world. While learning management systems enable healthcare providers to offer high-quality care and services, these systems educate patients regarding treatment, various therapies, etc. Some of the most common courses of healthcare learning management systems particularly in developed regions include preventive care course, cultural sensitivity course, discharge process reformation, and patient education and treatment adherence.

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Adoption of Healthcare Learning Management Systems to Increase amid Ongoing COVID-19 Pandemic

Players operating in the current healthcare learning management system market landscape are increasingly focusing on improving their offerings and making design improvements to their courses to gain a competitive edge. A number of medical associations around the world is increasingly turning toward healthcare learning management systems to educate their staff and personnel regarding the evolving regulatory landscape and trends across the healthcare sector. For instance, the nurse association in several parts of developed regions, including North America is increasingly relying on healthcare learning management systems to improve clinical education. The American Nurses Association is among the most prominent associations around the world that has integrated the existing information systems into a compact healthcare learning management system to create a customized learning experience.

The outbreak of the COVID-19 pandemic is expected to have a strong impact on the overall growth of the global healthcare learning management system market, due to increasing focus on education regarding various protocols and guidelines that are to be followed during patient interaction, surgeries, and more.

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Analysts’ Viewpoint

The global healthcare learning management system market is expected to expand at a staggering CAGR of ~22% during the forecast period. The market growth is driven by increasing demand for training and development among healthcare professionals regarding the evolving regulatory landscape, growing popularity of eLearning systems and modules, rising demand to improve clinical education among nurses, and high adoption of IT within the healthcare sector. Market players should focus on tapping into opportunities across various medical organizations and associations to improve their presence in the current healthcare learning management system market.

Healthcare Learning Management System Market: Overview

  • According to a latest research report on the global healthcare learning management system market published by Transparency Market Research for the historical period 2018–2019 and the forecast period 2020–2030, rise in demand for high quality training for healthcare professionals is anticipated to propel the healthcare learning management system market during the forecast period. Healthcare learning management systems can help healthcare professionals stay updated with continuous training. The common features of learning management systems include online learning courses, communication and collaboration, content management, tests and assessments, e-Commerce, mobile learning, gamification, and social learning, which are expected to fuel the growth of the healthcare learning management system market.
  • In terms of revenue, the global healthcare learning management system market is estimated to exceed the value of US$ 3.5 Bn by 2030, expanding at a CAGR of ~22% during the forecast period

Rise in Adoption of Digitalized Learning in Healthcare Sector: A Key Driver

  • Healthcare is one of the fastest growing sectors, and an area that is reinvented repeatedly to deliver complete and advanced service to patients. The healthcare sector needs to adapt to new technologies, trends, and methods in medical, administrative, and educational practices.
  • Healthcare organizations often conduct training programs in order to develop and evaluate their working staff. As a result of technological innovations, organizations have abandoned their traditional methods of learning, and adopted more efficient and effective learning solutions that engage talent and improve performance.
  • Furthermore, increased mobility in learning, adoption of social media, and lining up of learning programs with business objectives are expected to propel the demand for healthcare learning management systems in the near future. For instance, the American Nurses Association (ANA) uses learning management systems to boost clinical education.
  • Hence, rise in adoption of digitalized learning solutions and significant investments by market players are expected to fuel the growth of the healthcare learning management system market
  • However, lack of self-motivation among learners due to non-availability of instructors, poor Internet connectivity, and improper management of learning software are anticipated to hinder the healthcare learning management system market
  • Learners may find eLearning isolated due to lack of interaction, and hands-on courses are difficult to simulate. Hence, these factors are projected to restrain the healthcare learning management system market.

Advancements in Technology in Healthcare Sector

  • Demand for healthcare learning management systems to improve online training has also been positively impacted, due to the growing focus on artificial intelligence, machine learning, and edge computing across healthcare industries
  • Additionally, the adoption of BYOD has been rising over the past few years. Thus, enterprises are able to collect data electronically, anywhere and at any time. This helps organizations to implement advanced healthcare learning management systems.

Healthcare Learning Management System Market: Competition Landscape

  • Detailed profiles of providers of healthcare learning management systems have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global healthcare learning management system market are
    • Adobe Systems Inc.
    • ADP Inc.
    • Articulate Global, Inc.
    • Canvas Network (Instructure, Inc.)
    • Cerner Corporation
    • Elsevier
    • GE Healthcare
    • HealthcareSource HR, Inc.
    • HealthStream, Inc.
    • Infor Inc.
    • Oracle Corporation
    • PeopleFluent
    • SAP SE
    • Trivantis Corporation
    • Absorb LMS Software Inc.
    • Accord LMS
    • CD2 Learning
    • CertCentral Inc.
    • CoreAchieve
    • DLC Solutions
    • Docebo
    • Escalla Ltd.
    • EthosCE
    • Gyrus Systems
    • InfoPro Learning, Inc.
    • Interactyx (TOPYX)
    • iSpring Solutions Inc.
    • Kallidus Ltd.
    • Litmos
    • Mindflash
    • NetDimensions Limited
    • Paradiso Solutions
    • Skillsoft
    • SkyPrep Inc.
    • Thought Industries
    • Tovuti, LLC.

Healthcare Learning Management System Market: Key Developments

  • Key providers of healthcare learning management systems, such as Adobe Systems Inc., ADP Inc., GE Healthcare, HealthcareSource HR, Inc., and SAP SE are focusing on the development of cost-effective healthcare learning management systems to attract more customers
  • Additionally, players active in providing healthcare learning management systems are focusing on inorganic growth strategies such as strategic collaborations and mergers & acquisitions with technology partners to improve their offerings and market reach in the healthcare learning management system market
  • Some other key developments in the global healthcare learning management system market have been highlighted below:
    • In October 2020, Pathway Health, a learning management system provider, launched Pathway Learning Network, a new learning management system for healthcare or post-acute care providers
    • In July 2020, Apollo Pharmacy introduced myGurukool, a digital learning management system, to enhance capabilities and skills of its employees
    • In October 2019, Baptist Health, a provider of advanced medical technology, launched technologically advanced healthcare learning management system platforms
  • In the global healthcare learning management system market report, we have discussed individual strategies, followed by company profiles of providers of healthcare learning management system. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global healthcare learning management system market.

Healthcare Learning Management System Market – Scope of the Report

A latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global healthcare learning management system market to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the healthcare learning management system market, to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the healthcare learning management system market is expected to progress during the forecast period of 2020-2030.

The report offers intricate dynamics about different aspects of the healthcare learning management system market that aids companies operating in the market in making strategic development decisions. TMR’s study elaborates on the significant changes that are highly anticipated to configure the growth of the healthcare learning management system market during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the healthcare learning management system market, and estimate statistics related to the market progress in terms of value (US$ Mn). The study covers a detailed segmentation of the healthcare learning management system market, along with country analysis, key information, and a competitive outlook. The report mentions company profiles of key players that are currently dominating the healthcare learning management system market, wherein various developments, expansions, and winning strategies practiced and executed by leading players have been presented in detail.

Key Questions Answered in TMR’s Report on Healthcare Learning Management System Market

The report provides detailed information about the healthcare learning management system market on the basis of a comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the healthcare learning management system market, so as to help them make successful strategies and take target-driven decisions.

  • Which regions will continue to remain the most profitable markets for healthcare learning management system market players?
  • Which factors will induce a change in demand for healthcare learning management systems during the assessment period?
  • How will changing trends impact the healthcare learning management system market?
  • How will COVID-19 impact the healthcare learning management system market?
  • How can market players capture low-hanging opportunities in the healthcare learning management system market in developed regions?
  • Which companies are leading the healthcare learning management system market?
  • What are the winning strategies of stakeholders in the healthcare learning management system market to upscale their position in this landscape?
  • What will be the Y-o-Y growth of the healthcare learning management system market between 2020 and 2030?
  • What are the winning imperatives of market frontrunners in the healthcare learning management system market?

Research Methodology – Healthcare Learning Management System Market

The research methodology adopted by analysts to compile the healthcare learning management system market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the healthcare learning management system market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the healthcare learning management system market. For secondary research, analysts scrutinized numerous annual report publications, white papers, industry association publications, and company websites to obtain the necessary understanding of the healthcare learning management system market.

Healthcare Learning Management System Market – Segmentation

TMR’s research study assesses the healthcare learning management system market on the basis of component, deployment, delivery mode, and region. The report presents extensive market dynamics and progressive trends associated with different segments, and how they influence the growth prospects of the healthcare learning management system market.

Component

  • Solution/Platform
  • Services
    • Professional Services
      • Training & Consulting
      • Integration & Implementation
      • Support & Maintenance
    • Managed Services

Deployment

  • On Premise
  • Cloud

Delivery Mode

  • Distance Learning
  • Instructor-led Training
  • Blended Learning

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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